Few days after release by CBN, fake new N1,000 notes in circulation
Few days after release by CBN, fake new N1,000 notes in circulation
While most banks in Nigeria were yet to start issuing the new Naira notes to their customers, fake versions of the notes have reportedly surfaced in some parts of the country.
According to reports, a mobile money and bank agent disclosed this in a viral video, saying that a customer performed a bank transaction through his wife’s Point of Sale (PoS) using the fake copy of the redesigned N1,000.
He went ahead in the video to show the difference between the fake and original redesigned N1,000 note.
According to him, the original note has a gold seal at the bottom of the right hand side of the note and the seal cannot be erased when scratched.
But he said the old one doesn’t have a gold seal at the bottom of the right hand side of the note close to the signatures.
It will be recalled that the Central Bank of Nigeria (CBN) released the redesigned naira notes on the 15th of December,2022.
However, the banks are still making payments with the old denominations.
They complained that the quantity of the new notes cannot go round the economy. Hence the need to release it in bit alongside the old notes.
